New York ended modestly lower after the Fed cut rates 25 pts today. As predicted, the market did get a little boost leading up the announcement and also shortly after coinciding with the favourable transit of the Moon to the S&P natal Venus. The failure of the market to hold on to these gains by the close sets the stage for what will likely be more downward pressure Thursday and Friday. Friday may see a significant sell off, perhaps on the order of 2%.
Both Bombay and Tokyo both closed marginally lower Tuesday in advance of the Fed meeting. Thursday may be fairly quiet but look for selling to pick up for Friday.
The Euro bounced back a little and closed above 1.56. This was in keeping with my expectation. There's a good chance for further upward movement Thursday.
Oil fell further today closing at $114. I had wondered if there would be a pause in the decline, but this is proof that we can look forward to a fairly sharp pullback as Mars moves deeper into Cancer. There is a chance for some sort of snapback rally, perhaps on Friday, but this will be short-lived and probably won't last til the close. $110 is very possible by the end of the week.
As forecast, Gold also fell Tuesday closing at $865. Prices will likely be lower by Friday, perhaps near $850..
Wednesday, April 30, 2008
Tuesday, April 29, 2008
NY quiet ahead of Fed meeting: US dollar rises
New York edged lower in anticipation of tomorrow's Fed meeting. The transiting Moon will be at 13 Aquarius at the time of the mid-afternoon announcement, which puts it in the neighbourhood of the S&P Venus in the 10th house. Other things being equal, this is a good placement that might give the market a little boost. And yet, the Mars in the second degree of Cancer aspecting the 1792 Jupiter suggests that any gain will be short-lived. The market may wait until Thursday or Friday to sell off to any extent.
Bombay is coming off a bullish Tuesday that saw the Sensex up 2% to 17,400. Another up day is very possible Wednesday as transiting Sun comes under the helpful influence of the natal Jupiter in the BSE-100 chart. This may push the Sensex over some key moving averages and give sentiment a boost. If the market only closes slightly above these levels, then the bullish signal will remain to be confirmed. A correction is only possible for Friday or perhaps Monday.
As forecast, the Euro headed lower as it closed today at 1.5575. Look for the sell off to continue tomorrow, although prices may firm up for the end of the week.
Oil plunged over $3 Tuesday and closed at $115.62 as my prediction for a major correction was partially borne out. Wednesday doesn't look obviously bad, so it's possible that current prices may hold, at least until Thursday or Friday when they will certainly turn lower again.
Gold closed down $18 to $876, as per my bearish prediction. Prices could hold up Wednesday around here, but by Friday, look for lower lows.
Bombay is coming off a bullish Tuesday that saw the Sensex up 2% to 17,400. Another up day is very possible Wednesday as transiting Sun comes under the helpful influence of the natal Jupiter in the BSE-100 chart. This may push the Sensex over some key moving averages and give sentiment a boost. If the market only closes slightly above these levels, then the bullish signal will remain to be confirmed. A correction is only possible for Friday or perhaps Monday.
As forecast, the Euro headed lower as it closed today at 1.5575. Look for the sell off to continue tomorrow, although prices may firm up for the end of the week.
Oil plunged over $3 Tuesday and closed at $115.62 as my prediction for a major correction was partially borne out. Wednesday doesn't look obviously bad, so it's possible that current prices may hold, at least until Thursday or Friday when they will certainly turn lower again.
Gold closed down $18 to $876, as per my bearish prediction. Prices could hold up Wednesday around here, but by Friday, look for lower lows.
Sunday, April 27, 2008
Market Forecast -- week of Apr 28 - May 2
Stocks in New York finished modestly higher last week, contrary to expectations. It now appears that the stationing Saturn will need the help of the inner planets to form a square in order to push prices down which happens at the end of week. Another potential bearish influence may come from Mars, which on Monday enters sidereal Cancer, its sign of debilitation. The major indexes are approaching the upper end of their recent trading ranges as the Dow starts this week at 12,891 and the S&P at 1397.
I think there is a chance that stocks can hold on to these recent gains in the early part of the week but Thursday and Friday look negative and are likely to take the averages down. Overall, I think the market will finish lower for the week. The key factor in all of this is the effect of Mars entering Cancer. After spending the past six months in Gemini, the ingress of Mars into Cancer will introduce a new variable into the mix. It's possible that this new planetary equation may push markets down on Monday since Mars is the dispositor for all the inner planets -- Sun, Mercury and Venus. If markets drop Monday, then this would substantially increase the prospects for a negative week. As an added bearish factor, tr Mars will squares the natal Jupiter in the NYSE 1792 chart.
Bombay is coming off another bullish week closing at an impressive 17,125, as it capitalized on the tr Venus conjunction to the natal Moon in the IFN ETF chart. I think the Mars aspect to the natal Uranus will cause a sudden sell-off Monday or Tuesday. The further motion of Mars into Cancer is likely to create negative momentum to the market through the week so we're likely to see markets fall from current levels by Friday.
Tokyo was also up significantly last week and opens Monday at 13,863. The TSE exceeded last week's forecast from the surprising strength of the Venus-Rahu conjunction. While this is often a negative influence, the exact aspect from tr Jupiter to its dispositor Mars gave a big boost to the tr Venus. Since the TSE chart has 3 Cancer rising, the approach of Mars this week points to an increase in volume and volatility. I am also forecasting a decline here. Friday looks like the worst day.
As forecast, the Euro did hit 1.60 last week although it failed to hang on to gains. It starts the week above 1.56. This pullback was expected although we had thought it arrived a few days ahead of schedule. I expect this weakness to continue this week, as the Euro may fall to 1.53 or below at some point.
Oil closed higher least week as forecast, reaching as high as $119 and closing above $118. I am expecting oil to fall this week, perhaps sharply, as Venus conjoins the natal Mars in the futures chart and Mars begins to channel its debilitated energy to the Moon-Saturn conjunction in Libra. While there is a question of when the bearishness of Mars will manifest since the aspect will not perfect for another two weeks (May 13), I think the worsening condition of transiting Venus will be enough to push prices down. Tr Venus falls under the aspect of the natal Ketu early in the week, and by the end of the week it opposes the natal Saturn. That's more than enough constraint to correct prices back under $115, perhaps even lower to $110.
Like the Euro, the sell off in Gold started a little earlier than expected, as it closed at $889, falling almost 3% for the week. I was correct in noting the possible bearish effect of the tr Mars opposition to the natal Venus on Friday, as prices fell sharply. I expect the sell off to continue as tr Venus falls under the natal Saturn in the GLD ETF chart, while tr Mars aspects the natal Venus. This has the potential for a sharp decline, especially Monday and Friday. We may see a close below $850 this week. This would put Gold in striking distance of its 200 day moving average.
I think there is a chance that stocks can hold on to these recent gains in the early part of the week but Thursday and Friday look negative and are likely to take the averages down. Overall, I think the market will finish lower for the week. The key factor in all of this is the effect of Mars entering Cancer. After spending the past six months in Gemini, the ingress of Mars into Cancer will introduce a new variable into the mix. It's possible that this new planetary equation may push markets down on Monday since Mars is the dispositor for all the inner planets -- Sun, Mercury and Venus. If markets drop Monday, then this would substantially increase the prospects for a negative week. As an added bearish factor, tr Mars will squares the natal Jupiter in the NYSE 1792 chart.
Bombay is coming off another bullish week closing at an impressive 17,125, as it capitalized on the tr Venus conjunction to the natal Moon in the IFN ETF chart. I think the Mars aspect to the natal Uranus will cause a sudden sell-off Monday or Tuesday. The further motion of Mars into Cancer is likely to create negative momentum to the market through the week so we're likely to see markets fall from current levels by Friday.
Tokyo was also up significantly last week and opens Monday at 13,863. The TSE exceeded last week's forecast from the surprising strength of the Venus-Rahu conjunction. While this is often a negative influence, the exact aspect from tr Jupiter to its dispositor Mars gave a big boost to the tr Venus. Since the TSE chart has 3 Cancer rising, the approach of Mars this week points to an increase in volume and volatility. I am also forecasting a decline here. Friday looks like the worst day.
As forecast, the Euro did hit 1.60 last week although it failed to hang on to gains. It starts the week above 1.56. This pullback was expected although we had thought it arrived a few days ahead of schedule. I expect this weakness to continue this week, as the Euro may fall to 1.53 or below at some point.
Oil closed higher least week as forecast, reaching as high as $119 and closing above $118. I am expecting oil to fall this week, perhaps sharply, as Venus conjoins the natal Mars in the futures chart and Mars begins to channel its debilitated energy to the Moon-Saturn conjunction in Libra. While there is a question of when the bearishness of Mars will manifest since the aspect will not perfect for another two weeks (May 13), I think the worsening condition of transiting Venus will be enough to push prices down. Tr Venus falls under the aspect of the natal Ketu early in the week, and by the end of the week it opposes the natal Saturn. That's more than enough constraint to correct prices back under $115, perhaps even lower to $110.
Like the Euro, the sell off in Gold started a little earlier than expected, as it closed at $889, falling almost 3% for the week. I was correct in noting the possible bearish effect of the tr Mars opposition to the natal Venus on Friday, as prices fell sharply. I expect the sell off to continue as tr Venus falls under the natal Saturn in the GLD ETF chart, while tr Mars aspects the natal Venus. This has the potential for a sharp decline, especially Monday and Friday. We may see a close below $850 this week. This would put Gold in striking distance of its 200 day moving average.
Thursday, April 24, 2008
US dollar rebounds
Some good news on durable goods caused the US dollar to rebound on expectations that the Fed was near the end of its easing phase. This put a dent in the speculation that has been fueling the recent rise in the Euro and crude oil. The Euro closed down two full cents to under $1.57. While I had expected a sharp pullback, I thought the decline would not get started until next week. This is useful lesson on the unreliability of exact transit points as tr Venus had yet to conjoin the natal Saturn. I think we will likely see the retracement continue for the next week as tr Mars will aspect the natal Venus. I think there will be rallies in the weeks ahead, but the short term future looks quite bearish. We could be under 1.50 very quickly. I take some solace in the fact the 1.60 forecast was achieved, if only briefly.
Oil sold off as well closing near $116. This decline was also a little premature as Venus still hasn't quite left Pisces yet. Perhaps the skies are not as neatly divided as one would like. The Sun-Saturn sell off I had forecast came a day later than expected. I don't see us selling off hugely Friday but a down day is likely. Next week does look more bearish, so we may fall back below $110.
Gold fell back sharply to $890 today mostly on the renewed interest in the US dollar. I had wondered about the possible negative effects of the Mars opposition to Venus at the end of the week. That bearish manifested a day earlier than forecast, however, and may well extend the weakness into tomorrow. I don't think we're headed straight down here, but the trend will be mostly negative over the next couple weeks.
US stocks ended up modestly to return to where they started the week. Microsoft's earnings outlook has sparked some after-hours selling, so we'll see how negative the market will be Friday.
The Sensex has held on to early gains this week but has been unable to build upon them. I think it will fall back near Monday's levels.
Oil sold off as well closing near $116. This decline was also a little premature as Venus still hasn't quite left Pisces yet. Perhaps the skies are not as neatly divided as one would like. The Sun-Saturn sell off I had forecast came a day later than expected. I don't see us selling off hugely Friday but a down day is likely. Next week does look more bearish, so we may fall back below $110.
Gold fell back sharply to $890 today mostly on the renewed interest in the US dollar. I had wondered about the possible negative effects of the Mars opposition to Venus at the end of the week. That bearish manifested a day earlier than forecast, however, and may well extend the weakness into tomorrow. I don't think we're headed straight down here, but the trend will be mostly negative over the next couple weeks.
US stocks ended up modestly to return to where they started the week. Microsoft's earnings outlook has sparked some after-hours selling, so we'll see how negative the market will be Friday.
The Sensex has held on to early gains this week but has been unable to build upon them. I think it will fall back near Monday's levels.
Tuesday, April 22, 2008
New York sags; oil climbs higher
New York dropped almost 1% today as the Dow closed at 12,720 and the S&P at 1375. This basically confirms our bearish weekly forecast so far. Let's see if the down trend continues as the Mars-Jupiter aspect tightens.
The Euro touched above 1.60 for the first time and closed at 1.598. This is in keeping with our expectation. Look for it to close above 1.60 tomorrow or Thursday.
Oil continued its upward climb at it closed above $118, and reached as high as $119 intraday. This also confirms are bullish forecast as Venus continues its transit of Pisces. It will certainly push higher later in the week.
Gold was higher for the second straight day, closing at $920, right in line with my weekly forecast. I am expecting bigger gains as the week goes on, so that is something to watch for.
The Euro touched above 1.60 for the first time and closed at 1.598. This is in keeping with our expectation. Look for it to close above 1.60 tomorrow or Thursday.
Oil continued its upward climb at it closed above $118, and reached as high as $119 intraday. This also confirms are bullish forecast as Venus continues its transit of Pisces. It will certainly push higher later in the week.
Gold was higher for the second straight day, closing at $920, right in line with my weekly forecast. I am expecting bigger gains as the week goes on, so that is something to watch for.
Sunday, April 20, 2008
Market Forecast -- week of Apr 21 - 25
After last week's bull run eviscerated my gloomy forecast, New York starts the week at 12,849/1390. The dominant aspect this week is the Mars-Jupiter opposition which perfects on Thursday. For extra complexity, Venus (28 Pisces) will form a western t-square on that date as it moves through the last degrees of exaltation in Pisces. And given the Uranus placement in the same degree of Aquarius, we have a fairly potent line-up of planets. I think this pattern is largely bearish, although Monday may be an up day as Venus is still within range of the S&P Moon. We may be able to approach the 13,000/1400 in the early going this week but head lower as the week wears on. Besides the troublesome Mars-Jupiter aspect, tr Mars falls under the aspect of the S&P Rahu, while tr Sun sits on the equal 12th house cusp on Thursday. These are really quite negative indications and suggest that down days greater than 1% in midweek are likely. Overall, we should finish lower this week, with a reasonable prospect that we'll end up significantly lower, back to 12,200/1325.
Bombay opens at 16,481 after an unexpected big rise last week. I think the BSE is going to be lower this week, breaking below 16k. Besides the Mars-Venus-Jupiter t-square, tr Mars squares the Sun in the BSE-100 chart. Transiting bhukti lord Mercury is very close to the equal 6th house cusp earlier in the week, so this may be a drag on prices before any substantial declines occur.
After a solid week as per our forecast, Tokyo opens at 13,476. Even with this bearish Mars-Jupiter pattern in the sky, I'm less negative about the TSE. While I think some down days are in store, especially later in the week, this may well turn out to be one of the stronger global equity markets. If we finish down for the week, it won't be by much. Next week, by contrast, looks much worse.
After flirting with $1.60 last week, the Euro opens at $1.58. I think we will see it break through $1.60 this week -- finally. Tr Mars comes under the benefic influence of the natal Jupiter while tr Venus still aspects the Virgo lagna. Wednesday or Thursday look like the best days. Overall, we should finish up significantly for the week.
Oil is really the pivotal economic story these days as it opens at another all-time high of $116. Transiting bhukti lord Venus remains in exaltation in Pisces all week, so it looks generally bullish. However, we will see a chance for a big (>1%) pullback as tr Sun opposes the natal Moon-Saturn conjunction Tuesday and Wednesday. I think this transit will only generate one major down day so we'll probably finish Friday above current levels, but $120 may only be a 50-50 proposition.
At $915, Gold comes off a decent week, even if Friday's sell off was sharp. Monday looks negative as the residual bearish of transiting dasha lord Venus under the influence of natal Saturn. Also, tr Sun opposes the natal Uranus in the futures chart. I think the upward momentum will resume after that, although Friday is a question as the tr Mars opposes the natal Venus. On balance, I think we'll finish higher for the week. However, time is running out for Gold as next week the Jupiter station will really pull the rug out from this market in May and we could see prices break down to $850 or below. While I had previously thought that we had a window of opportunity to hit $1000 briefly before the big sell off, I no longer think this is possible. Especially if Monday is negative, I don't think there will be enough juice in the tank to get us there. We will likely have to wait until autumn for a chance to revisit the all-time highs.
Bombay opens at 16,481 after an unexpected big rise last week. I think the BSE is going to be lower this week, breaking below 16k. Besides the Mars-Venus-Jupiter t-square, tr Mars squares the Sun in the BSE-100 chart. Transiting bhukti lord Mercury is very close to the equal 6th house cusp earlier in the week, so this may be a drag on prices before any substantial declines occur.
After a solid week as per our forecast, Tokyo opens at 13,476. Even with this bearish Mars-Jupiter pattern in the sky, I'm less negative about the TSE. While I think some down days are in store, especially later in the week, this may well turn out to be one of the stronger global equity markets. If we finish down for the week, it won't be by much. Next week, by contrast, looks much worse.
After flirting with $1.60 last week, the Euro opens at $1.58. I think we will see it break through $1.60 this week -- finally. Tr Mars comes under the benefic influence of the natal Jupiter while tr Venus still aspects the Virgo lagna. Wednesday or Thursday look like the best days. Overall, we should finish up significantly for the week.
Oil is really the pivotal economic story these days as it opens at another all-time high of $116. Transiting bhukti lord Venus remains in exaltation in Pisces all week, so it looks generally bullish. However, we will see a chance for a big (>1%) pullback as tr Sun opposes the natal Moon-Saturn conjunction Tuesday and Wednesday. I think this transit will only generate one major down day so we'll probably finish Friday above current levels, but $120 may only be a 50-50 proposition.
At $915, Gold comes off a decent week, even if Friday's sell off was sharp. Monday looks negative as the residual bearish of transiting dasha lord Venus under the influence of natal Saturn. Also, tr Sun opposes the natal Uranus in the futures chart. I think the upward momentum will resume after that, although Friday is a question as the tr Mars opposes the natal Venus. On balance, I think we'll finish higher for the week. However, time is running out for Gold as next week the Jupiter station will really pull the rug out from this market in May and we could see prices break down to $850 or below. While I had previously thought that we had a window of opportunity to hit $1000 briefly before the big sell off, I no longer think this is possible. Especially if Monday is negative, I don't think there will be enough juice in the tank to get us there. We will likely have to wait until autumn for a chance to revisit the all-time highs.
Saturday, April 19, 2008
Market Review -- week of Apr 14-18
On positive earnings news from Google, New York rallied strongly Friday to finish the week at 12,849 on the Dow and 1390 on the S&P. This left our bearish forecast in the dust. I missed the upward move by overestimating the negative influence of Ketu on the transiting Sun and Mercury. Stocks are near some key resistance levels here, so any more upside would be seen as a very bullish breakout move. I think it's possible we may see some up days here that put us over that 13,000/1400 threshold, but the downside risk is still greater so new gains will likely not hold. Next week features the apparently bearish Mars-Jupiter opposition coming exact so we will have to watch that carefully. A longer lasting rally is more likely to begin in May after the the Sun-Saturn square has occurred and run into early June.
Bombay had a bullish week closing at 16,481. Again, optimism returned despite our analysis to the contrary. One plausible explanation of the upward movement can be seen in the BSE Nifty Futures chart where tr. Venus conjoined the equal 9th house cusp while the natal lagnesh Moon was aspected by tr Sun and Mercury. Both of these are clearly bullish signals and suggests that this chart warrants further consideration as a useful proxy for the BSE.
Tokyo followed the upward trend this week and gained about 1% to close at 13,476. This confirmed our bullish forecast based on the TSE 1949 chart as tr Venus approached the unequal 10th house cusp.
Euro closed Friday at $1.581, down over a cent after touching $1.595 briefly midweek. This also confirmed our negative forecast for the week, although only barely. Our Thursday revised forecast was borne out by Friday's sell off as the transiting Sun finally combined with the natal 8th house Saturn, albeit a couple of degrees after the fact. There are still a preponderance of bullish factors at work in this chart that should tend to push it higher in the coming weeks, although after May 9th, that climb may be weakened, perhaps mortally.
Oil became a haven for speculators as it powered to new all-time highs, closing at $116.83 on Friday. Our bearish prediction was defied by the strength of transiting bhukti lord Venus exalted in Pisces and transiting the 11th house of gains in the futures chart. My expectation was that the influence of the tr Sun and Mercury over the natal 12th house Mars would take prices down. The fact that this Mars sits in the unequal 11th house suggests that whole sign house placements may demand alternative interpretations from time to time. While Venus' movement into Aries after the 25th may bring a slowing of recent gains, I think we'll have to wait for May and Mars' ingress into Cancer to bring prices down.
Gold closed down $27 to $915. After a surprisingly strong week, at least our revised Wednesday forecast indicated the possibility of a Friday decline with tr Venus coming within range of the aspect from natal Saturn in the futures chart. The medium term factors are still in place for a rally in the next couple of weeks, although I note that the Mars-Jupiter opposition next week will activate the natal Venus in the futures chart. This is likely bullish given Mars' rulership over the 11th house, but it is not certain.
Bombay had a bullish week closing at 16,481. Again, optimism returned despite our analysis to the contrary. One plausible explanation of the upward movement can be seen in the BSE Nifty Futures chart where tr. Venus conjoined the equal 9th house cusp while the natal lagnesh Moon was aspected by tr Sun and Mercury. Both of these are clearly bullish signals and suggests that this chart warrants further consideration as a useful proxy for the BSE.
Tokyo followed the upward trend this week and gained about 1% to close at 13,476. This confirmed our bullish forecast based on the TSE 1949 chart as tr Venus approached the unequal 10th house cusp.
Euro closed Friday at $1.581, down over a cent after touching $1.595 briefly midweek. This also confirmed our negative forecast for the week, although only barely. Our Thursday revised forecast was borne out by Friday's sell off as the transiting Sun finally combined with the natal 8th house Saturn, albeit a couple of degrees after the fact. There are still a preponderance of bullish factors at work in this chart that should tend to push it higher in the coming weeks, although after May 9th, that climb may be weakened, perhaps mortally.
Oil became a haven for speculators as it powered to new all-time highs, closing at $116.83 on Friday. Our bearish prediction was defied by the strength of transiting bhukti lord Venus exalted in Pisces and transiting the 11th house of gains in the futures chart. My expectation was that the influence of the tr Sun and Mercury over the natal 12th house Mars would take prices down. The fact that this Mars sits in the unequal 11th house suggests that whole sign house placements may demand alternative interpretations from time to time. While Venus' movement into Aries after the 25th may bring a slowing of recent gains, I think we'll have to wait for May and Mars' ingress into Cancer to bring prices down.
Gold closed down $27 to $915. After a surprisingly strong week, at least our revised Wednesday forecast indicated the possibility of a Friday decline with tr Venus coming within range of the aspect from natal Saturn in the futures chart. The medium term factors are still in place for a rally in the next couple of weeks, although I note that the Mars-Jupiter opposition next week will activate the natal Venus in the futures chart. This is likely bullish given Mars' rulership over the 11th house, but it is not certain.
Wednesday, April 16, 2008
Markets rise on earnings optimism
New York was up 2% today on the basis of good earnings from Intel, as some investors began to believe that the worst was over. While I called for a decline this week, I still think we can look for a significant decline over the next 4 or 5 trading days. My original downside target of 11,750/1270 probably won't be met here, but look for a 2% down day, most likely early next week.
Closing yesterday at 16,244, Bombay continues to be strong this week. Tr Venus conjoins natal 1875 Rahu tomorrow so that should account for the up day that is in store but beware of gains made with Rahu -- they often don't last. There are still some potentially negative influences such as the Mars conjoining the natal Sun but given the market behaviour so far, it may be that Mars rules good houses in the natal chart, i.e. its conjunction coincides with gains and not losses.
Tokyo is above 13,000 and will likely climb higher as forecast. Tr Venus is approaching the MC as Sun-Mercury activate the powerful 10th house Rahu in the natal chart.
The Euro is a record high of 1.595 today laying waste to my expectation for a pullback as Sun-Mercury conjoined the natal Saturn. Certainly, the Euro is due to continue rising over the next few weeks, but it is overdue for a brief correction here. The fact that tr Mars is squaring the natal Mars only reinforces my belief that it is headed sharply lower day (>1%) at some point this week.
While oil did retreat to $112 in morning trading, it rose past $114 in the afternoon. Our longer term forecast has it going higher over the next few weeks ($120 is likely), so it seems that short term negative transits are manifesting as very temporary pullbacks that do not last through to the close. A few dates to watch out for as possible tops then are: 1) Apr 25 when tr Venus enters Aries which is the 12th house in the Oil futures chart; 2) April 28th when tr Mars enters Cancer and thereby afflicts the Moon-Saturn conjunction in the futures chart; 3) May 4th when tr Rahu begins to separate from tr Neptune, which may have had a bullish influence on the price of crude and; 4) May 9th when Jupiter turns retrograde and begins to move away from the equal 8th house cusp in the futures chart. All these factors may each contribute to the easing of the price once we get into May.
Gold rose again today closing at $948. It is also on track with our medium term forecast to continue rising until the Jupiter station in May. The next chance for a price decline might be Friday, and then again early next week. A pressing question now might be whether or not gold can climb back over $1000 on this current Jupiter rally. Given its ability to shake off some apparently negative transits, I'd say it's very doable. It will have about two weeks to do it.
Closing yesterday at 16,244, Bombay continues to be strong this week. Tr Venus conjoins natal 1875 Rahu tomorrow so that should account for the up day that is in store but beware of gains made with Rahu -- they often don't last. There are still some potentially negative influences such as the Mars conjoining the natal Sun but given the market behaviour so far, it may be that Mars rules good houses in the natal chart, i.e. its conjunction coincides with gains and not losses.
Tokyo is above 13,000 and will likely climb higher as forecast. Tr Venus is approaching the MC as Sun-Mercury activate the powerful 10th house Rahu in the natal chart.
The Euro is a record high of 1.595 today laying waste to my expectation for a pullback as Sun-Mercury conjoined the natal Saturn. Certainly, the Euro is due to continue rising over the next few weeks, but it is overdue for a brief correction here. The fact that tr Mars is squaring the natal Mars only reinforces my belief that it is headed sharply lower day (>1%) at some point this week.
While oil did retreat to $112 in morning trading, it rose past $114 in the afternoon. Our longer term forecast has it going higher over the next few weeks ($120 is likely), so it seems that short term negative transits are manifesting as very temporary pullbacks that do not last through to the close. A few dates to watch out for as possible tops then are: 1) Apr 25 when tr Venus enters Aries which is the 12th house in the Oil futures chart; 2) April 28th when tr Mars enters Cancer and thereby afflicts the Moon-Saturn conjunction in the futures chart; 3) May 4th when tr Rahu begins to separate from tr Neptune, which may have had a bullish influence on the price of crude and; 4) May 9th when Jupiter turns retrograde and begins to move away from the equal 8th house cusp in the futures chart. All these factors may each contribute to the easing of the price once we get into May.
Gold rose again today closing at $948. It is also on track with our medium term forecast to continue rising until the Jupiter station in May. The next chance for a price decline might be Friday, and then again early next week. A pressing question now might be whether or not gold can climb back over $1000 on this current Jupiter rally. Given its ability to shake off some apparently negative transits, I'd say it's very doable. It will have about two weeks to do it.
Tuesday, April 15, 2008
Commodities continue advance
Oil and Gold show no signs of backing off their recent gains. Oil has hit another all-time high today at $113. This is contrary to my expectations as I thought the Sun-Mercury transit would produce more of a pullback this week. This may still happen since the Sun-Mercury falls under the aspect of natal Ketu tomorrow and Thursday. However, whatever declines occur will be at levels much higher than forecast, perhaps back to $110-112. So while there will be some days of profit taking, it's clear to me that the bullish mood leading up to the coming Jupiter station on May 9 continues to rule these markets. The next decline in crude is most likely early next week as the tr. Sun opposes the natal Saturn in the futures chart. This will drop prices by 2% or more. This opposition is generally a more difficult aspect than the Sun-Mercury conjunct natal Mars.
As a caveat on my bearish Gold forecast, I had wondered if the tr Mars to natal Saturn conjunction might be too far past exact to move the market down Monday. In light of the modest gains we've seen so far this week, that is likely what has happened as the tr Jupiter approaching the natal Venus overwhelmed everything else. I still think we will see significant declines (>2%) over the rest of week, however, as tr Venus falls under the 10th house aspect of the natal Saturn. We should finish below $920 by Friday. I think gold will generally move higher over the next two weeks until Jupiter changes direction but there will be days of significant declines as well.
As a caveat on my bearish Gold forecast, I had wondered if the tr Mars to natal Saturn conjunction might be too far past exact to move the market down Monday. In light of the modest gains we've seen so far this week, that is likely what has happened as the tr Jupiter approaching the natal Venus overwhelmed everything else. I still think we will see significant declines (>2%) over the rest of week, however, as tr Venus falls under the 10th house aspect of the natal Saturn. We should finish below $920 by Friday. I think gold will generally move higher over the next two weeks until Jupiter changes direction but there will be days of significant declines as well.
Sunday, April 13, 2008
Market Forecast -- week of Apr 14 -18
As predicted, the NYSE finished down last week amid new fears that corporate earnings may be vulnerable to fallout from the sub-prime crisis. The Dow opens at 12,325 and the S&P at 1332. I think we will see the markets move lower again this week, with Monday and Tuesday looking the most bearish. Transiting Sun and Mercury will move into Aries early in the week and will fall under the aspect of unpredictable Ketu. I consider this a negative influence owing to Ketu's conjunction with Saturn. The transiting Moon will come to the Saturn-Ketu conjunction Tuesday, so that might be the more negative day. As an additional burden, by their ingress into Aries, Sun and Mercury are moving into the 12th house of the the S&P chart. At this point, Friday appears to be the best day, as tr. Venus applies to the natal S&P Moon, although it will still be a couple degrees short. If Monday does in fact produce a lower close, then we could be looking at a significant decline for Tuesday, on the order of 2% or more. I think we will see 1300/12,000 at some point this week, with a slight possibility of.intraday re-testing of the 11,700/1270 support levels. On balance, I think that next week would be a better candidate for the re-testing of those support levels, however.
Bombay is closed Monday, but trading on Tuesday should be mostly negative. I had thought the decline would being late last week as the transiting Mars came to the natal 1875 Mercury, but traders had other ideas as the Sensex closed at 15,807. Tr. Mars now applies to the natal Sun so the negative energy is now, if anything, more concentrated. Some relief rally is possible for Thursday, however, as optimism, no matter how baseless, may return with the approach of transiting Venus to the natal 1875 Rahu. With the shortened three-day trading week, I think we will finish lower, perhaps moving below 15,000 at least for one day's close.
Tokyo is coming off a decent week and will open at 13,323. Transiting Sun and Mercury will conjoin the natal Rahu in the TSE chart, making for a lot of volatility. We can expect a down day Monday following on the the heels of US markets. Transiting Moon will come under negative pressure from the aspect of the natal TSE Mars. However, transiting Venus will move toward the TSE unequal 10th house cusp (MC) later in the week. This is one reason why I can see the Nikkei closing over 13k for the week and indeed moving higher from current levels.
I was overly bearish on the Euro last week, but I'm fairly certain it will sell off this week as tr. Sun and Mercury conjoin the natal Saturn. I see that it has sold off almost a cent already in early trading so that forecast is bearing fruit. We may see $1.55 or lower in the early part of the week, but look for some recovery by Friday, perhaps back to $1.56 or 1.57. Overall, though we should be lower from its present level of $1.582.
Oil is similarly going to suffer a big pullback early on in the week as tr Sun and Mercury conjoin the natal Mars in the futures chart. Given its recent volatility, a big move of at least 5% to the downside is very likely over Monday and Tuesday. We may see the Oil price go below $105, perhaps decisively so. There will some rally later on, but I think we'll finish Friday below current levels of $110.
Gold will also fall this week as tr Mars conjoins the natal Saturn in the futures chart. $900 is very possible at some point this week and I think we'll close Friday lower than where we started.
Bombay is closed Monday, but trading on Tuesday should be mostly negative. I had thought the decline would being late last week as the transiting Mars came to the natal 1875 Mercury, but traders had other ideas as the Sensex closed at 15,807. Tr. Mars now applies to the natal Sun so the negative energy is now, if anything, more concentrated. Some relief rally is possible for Thursday, however, as optimism, no matter how baseless, may return with the approach of transiting Venus to the natal 1875 Rahu. With the shortened three-day trading week, I think we will finish lower, perhaps moving below 15,000 at least for one day's close.
Tokyo is coming off a decent week and will open at 13,323. Transiting Sun and Mercury will conjoin the natal Rahu in the TSE chart, making for a lot of volatility. We can expect a down day Monday following on the the heels of US markets. Transiting Moon will come under negative pressure from the aspect of the natal TSE Mars. However, transiting Venus will move toward the TSE unequal 10th house cusp (MC) later in the week. This is one reason why I can see the Nikkei closing over 13k for the week and indeed moving higher from current levels.
I was overly bearish on the Euro last week, but I'm fairly certain it will sell off this week as tr. Sun and Mercury conjoin the natal Saturn. I see that it has sold off almost a cent already in early trading so that forecast is bearing fruit. We may see $1.55 or lower in the early part of the week, but look for some recovery by Friday, perhaps back to $1.56 or 1.57. Overall, though we should be lower from its present level of $1.582.
Oil is similarly going to suffer a big pullback early on in the week as tr Sun and Mercury conjoin the natal Mars in the futures chart. Given its recent volatility, a big move of at least 5% to the downside is very likely over Monday and Tuesday. We may see the Oil price go below $105, perhaps decisively so. There will some rally later on, but I think we'll finish Friday below current levels of $110.
Gold will also fall this week as tr Mars conjoins the natal Saturn in the futures chart. $900 is very possible at some point this week and I think we'll close Friday lower than where we started.
Friday, April 11, 2008
Market Review -- week of Apr 7 - 11
New York tanked 2% on GE's disappointing earnings report Friday, as the averages closed at 12,325 and 1332. This was a nice confirmation of last week's forecast for a finish under 12,400/1340. Presumably, this was a delayed reaction to the Sun-Jupiter and Mercury-Mars squares that perfected Thursday. Given that General Electric is a bellwether for the market and the economy, these bad earnings are the necessary fuel to take us much lower next week as we have been predicting. With one or two more companies underwhelming with earnings, there is a very real chance (50-50) that we could see a re-test of the March lows (11,700/1270). We're entering a more solidly bearish time over the coming weeks where even larger declines are possible. At the moment, I think a short term bottom might occur in the first or second week of May. I'll post more of my thoughts on this Sunday.
The BSE continues to defy gravity as it finished the week up on Friday, at a healthy 15,807. Given the NY decline, a Monday drop is certain which will fulfill our now belated forecast.
Tokyo also closed Friday up 378, to finish at 13,323. Like Bombay, this was higher than our forecast. I think Asian markets will be playing catch up on the downside with American markets next week, although Japan will likely be a better performer.
The Euro closed Friday above $1.58. Our forecast had it declining this week, so we were premature. The planetary alignments for next week are decidedly negative in the Euro chart. $1.55 or below is very possible. Aside from some short term moves down, I think we'll likely see more strength in the Euro until Jupiter turns retrograde on May 9.
Oil finished up at $110, which was above our expected range of $105 -108, but not entirely unexpected. We will see some correction next week.
Gold closed down Friday to close at $927. The unexpected upside here clearly shows the underlying strength of the bull market in gold. Declines are likely next week, maybe to $900 or below, but the Jupiter station in May does look more and more like a medium term turning point.
The BSE continues to defy gravity as it finished the week up on Friday, at a healthy 15,807. Given the NY decline, a Monday drop is certain which will fulfill our now belated forecast.
Tokyo also closed Friday up 378, to finish at 13,323. Like Bombay, this was higher than our forecast. I think Asian markets will be playing catch up on the downside with American markets next week, although Japan will likely be a better performer.
The Euro closed Friday above $1.58. Our forecast had it declining this week, so we were premature. The planetary alignments for next week are decidedly negative in the Euro chart. $1.55 or below is very possible. Aside from some short term moves down, I think we'll likely see more strength in the Euro until Jupiter turns retrograde on May 9.
Oil finished up at $110, which was above our expected range of $105 -108, but not entirely unexpected. We will see some correction next week.
Gold closed down Friday to close at $927. The unexpected upside here clearly shows the underlying strength of the bull market in gold. Declines are likely next week, maybe to $900 or below, but the Jupiter station in May does look more and more like a medium term turning point.
Thursday, April 10, 2008
Gold revived
While I missed this week's price rise in Gold, I think I understand it a bit better now. It appears that we're more likely to see price increases as long as tr Jupiter (27 Sg) is closing in on the natal Venus (29 Sg) of the futures chart. In my forecast last year, I originally believed that a price peak would be likely near the Jupiter station in May, but recent declines had shaken my confidence in that forecast. It seems that the declines occurred while tr Jupiter was moving in between natal Mercury (22 Sg) and natal Venus (29 Sg) and where it had less strength to boost prices.
There will be further price dips, such as Friday and possibly Monday as the Mars contacts the natal Saturn. But as long as the Jupiter is applying to the Venus, I think we will tend to see increases, possibly over $1000. I'll refine this upward limit in the days ahead, depending on what kind of pullback we see through the weekend. The short term top should occur near the Jupiter station May 9. Once Jupiter turns away from Venus, prices should weaken.
Interestingly, the bearish conjunction of tr Mars to the natal Saturn actually perfects over the weekend so that might also reduce the downside somewhat so the price may bottom out well above $900. Next week we should see the gains return.
There will be further price dips, such as Friday and possibly Monday as the Mars contacts the natal Saturn. But as long as the Jupiter is applying to the Venus, I think we will tend to see increases, possibly over $1000. I'll refine this upward limit in the days ahead, depending on what kind of pullback we see through the weekend. The short term top should occur near the Jupiter station May 9. Once Jupiter turns away from Venus, prices should weaken.
Interestingly, the bearish conjunction of tr Mars to the natal Saturn actually perfects over the weekend so that might also reduce the downside somewhat so the price may bottom out well above $900. Next week we should see the gains return.
Tuesday, April 8, 2008
That gentle sinking feeling
Worldwide markets slipped back Tuesday after Monday's relative strength. New York ended down about 0.5% closing at 12,576/1365. We should see continued downward momentum Wednesday, but some upward intraday movement is still possible.
Bombay saw some profit taking after Monday's unexpected rise as the Sensex closed down 169 pts to 15,587. I expect more significant movement on the downside Wednesday, maybe to 15,000.
Tokyo fell back 1.5% to 13,250. Expect more of the same Wednesday, although 13,000 resistance may hold.
Against our expectations, the Euro is holding fast to $1.57 after Tuesday's trading. The negative pressure should increase as the week goes on, although the selling may be fairly modest and focused on Thursday's trading.
Oil was rock solid today holding onto Monday's gain to close up a bit at $108.86. This confirms my weekly forecast for rising prices in the early part of the week. There will likely be some pullback as we go on this week.
Gold dropped back $9 to $918 Tuesday after a strong Monday. I think most of the momentum will be down this week starting Wednesday as tr Moon conjoins the natal Ketu. We are on target to close under $900 for the week.
Bombay saw some profit taking after Monday's unexpected rise as the Sensex closed down 169 pts to 15,587. I expect more significant movement on the downside Wednesday, maybe to 15,000.
Tokyo fell back 1.5% to 13,250. Expect more of the same Wednesday, although 13,000 resistance may hold.
Against our expectations, the Euro is holding fast to $1.57 after Tuesday's trading. The negative pressure should increase as the week goes on, although the selling may be fairly modest and focused on Thursday's trading.
Oil was rock solid today holding onto Monday's gain to close up a bit at $108.86. This confirms my weekly forecast for rising prices in the early part of the week. There will likely be some pullback as we go on this week.
Gold dropped back $9 to $918 Tuesday after a strong Monday. I think most of the momentum will be down this week starting Wednesday as tr Moon conjoins the natal Ketu. We are on target to close under $900 for the week.
Sunday, April 6, 2008
Market Forecast -- week of Apr 7-11
New York opens trading Monday at 12,606/1370 after last week's gains as we had forecast. I think we're heading lower this week. The New Moon chart is a mixed bag with lagnesh Mars causing problems in the 8th house. On the plus side, Jupiter is reinforcing notions of wealth in the 2nd house. However, there are couple of potential bearish indicators forming this week as Mercury squares Mars, and Sun squares Jupiter, both perfecting on Thursday. On that day, tr Moon is aspected by Rahu, so that's another signal that we may be in for a larger scale decline that day on the order of 1-2%. To complicate matters, tr Venus will be sitting on the 11th cusp of gains in the S&P500 chart on Thursday so that will exercise an offsetting influence to some extent. Alternatively, the Venusian up day may be pushed forward to Friday. Monday and Tuesday may see gains as the Aries Moon falls under the aspect of Jupiter. At this point, I think Wednesday and Thursday will be the most negative. By Friday, I think we'll be under 12,400/1350 with possible weekly intraday lows of 12,200/1330. If Monday and Tuesday are pretty solid up days, then we'll finish Friday closer to the higher 1350 level. If not, then those intraday lows of 1330 may well be closing prices. In any event, I think the market is headed into a more bearish period here over the next couple of weeks, so even if this forecast is a little off this week, the negativity will catch up next week. I am not ruling out a retesting of the winter lows of 11,750/1270. More details later.
Starting Monday at 15,343, Bombay looks like it will have a negative week. Transiting Mars will conjoin the natal Mercury by degree in the BSE 1875 chart which will set off the natal nodes as well. This is most likely to manifest on Wednesday when it is exact. And on that day the tr Moon will square the tr Saturn. This looks like a substantial move to the down side, perhaps on the order of 3-5%. On Thursday, tr Mercury will conjoin the natal Rahu in the 1875 chart so that also does not bode well for the market. Some up days are still possible on Monday, Tuesday and Friday, however, but they don't look that good. To top it off Sunday's New Moon showed Saturn and Ketu as the lowest point in the sky -- a very bearish signal. I'm confident we will be easily below 15k on the Sensex by Friday and down to 14,500 intraday at some point. I would also say that there's a 50-50 chance we will end 500 pts lower on both of those target levels.
Tokyo opens Monday at 13,293, right in line with last week's forecast for a close over 13k on the Nikkei. This is looking like a losing week as Mars falls in the 12th house of the New Moon chart. Monday looks bearish as tr Moon hits the natal Mars in the TSE chart. Wednesday is likely the worst day of the week as tr Mercury opposes Neptune in the TSE chart whilst tr Venus sits on the cusp of the 8th house in the Topix chart. I think we should finish below 13,000 this week, with some intraday lows below 12,500 very possible.
The Euro gamely held onto its relatively lofty levels above 1.57 last week but the picture darkens this week as tr Sun will be caught in the crosshairs of the aspect of natal Mars and then will go on and apply to conjoin the natal Saturn. I think we could see a big fall this week, probably below $1.55 by Friday and perhaps down as low as $1.53 intraday depending on how bad Monday is. If we see the Euro drop by a full cent Monday, then a more bearish outlook is likely for the week. Next week looks even worse for the Euro. The US dollar is coming back with a vengeance.
Oil starts the week above $106 after last week's gains. I think we should finish the week at or above these levels, between $105-108. The early part of the week looks best as the Moon conjoins the natal Venus on Monday and tr Mercury comes under Jupiter's benefic influence. There is the possibility that some of the bullish patterns on Tuesday and Wednesday may negated by tr Mars' square to Mercury. At this point, it seems that gains will be limited to less than 1% on each these days but I admit there is a chance we could move lower, albeit not by much.
Gold opens at $913 after last week's sharp sell off. I don't see Gold holding on here. It is likely to move lower this week, closing below $900. Monday opens bearishly as tr Mercury falls under natal Rahu's aspect while squaring the natal Sun. There will be some upward movement but it probably won't be strong. Next week looks like another sharp move downward, so we may get an early start on Thursday and Friday as tr Mars conjoins the natal Saturn. This is the same aspect that marked the sell off after the May 2006 top. I think we're going to see Gold fall below at least $850 over the next two weeks.
Starting Monday at 15,343, Bombay looks like it will have a negative week. Transiting Mars will conjoin the natal Mercury by degree in the BSE 1875 chart which will set off the natal nodes as well. This is most likely to manifest on Wednesday when it is exact. And on that day the tr Moon will square the tr Saturn. This looks like a substantial move to the down side, perhaps on the order of 3-5%. On Thursday, tr Mercury will conjoin the natal Rahu in the 1875 chart so that also does not bode well for the market. Some up days are still possible on Monday, Tuesday and Friday, however, but they don't look that good. To top it off Sunday's New Moon showed Saturn and Ketu as the lowest point in the sky -- a very bearish signal. I'm confident we will be easily below 15k on the Sensex by Friday and down to 14,500 intraday at some point. I would also say that there's a 50-50 chance we will end 500 pts lower on both of those target levels.
Tokyo opens Monday at 13,293, right in line with last week's forecast for a close over 13k on the Nikkei. This is looking like a losing week as Mars falls in the 12th house of the New Moon chart. Monday looks bearish as tr Moon hits the natal Mars in the TSE chart. Wednesday is likely the worst day of the week as tr Mercury opposes Neptune in the TSE chart whilst tr Venus sits on the cusp of the 8th house in the Topix chart. I think we should finish below 13,000 this week, with some intraday lows below 12,500 very possible.
The Euro gamely held onto its relatively lofty levels above 1.57 last week but the picture darkens this week as tr Sun will be caught in the crosshairs of the aspect of natal Mars and then will go on and apply to conjoin the natal Saturn. I think we could see a big fall this week, probably below $1.55 by Friday and perhaps down as low as $1.53 intraday depending on how bad Monday is. If we see the Euro drop by a full cent Monday, then a more bearish outlook is likely for the week. Next week looks even worse for the Euro. The US dollar is coming back with a vengeance.
Oil starts the week above $106 after last week's gains. I think we should finish the week at or above these levels, between $105-108. The early part of the week looks best as the Moon conjoins the natal Venus on Monday and tr Mercury comes under Jupiter's benefic influence. There is the possibility that some of the bullish patterns on Tuesday and Wednesday may negated by tr Mars' square to Mercury. At this point, it seems that gains will be limited to less than 1% on each these days but I admit there is a chance we could move lower, albeit not by much.
Gold opens at $913 after last week's sharp sell off. I don't see Gold holding on here. It is likely to move lower this week, closing below $900. Monday opens bearishly as tr Mercury falls under natal Rahu's aspect while squaring the natal Sun. There will be some upward movement but it probably won't be strong. Next week looks like another sharp move downward, so we may get an early start on Thursday and Friday as tr Mars conjoins the natal Saturn. This is the same aspect that marked the sell off after the May 2006 top. I think we're going to see Gold fall below at least $850 over the next two weeks.
Friday, April 4, 2008
Stocks finish flat / Market Review -- week of Mar 31 - Apr 4
Stocks in NY ended the day flat to close up for the week with the Dow at 12,606 and the S&P at 1370. While we thought the market might show more strength Friday, this was largely in keeping with our weekly forecast, although we closed a little higher than expected.
Tokyo closed down modestly on Friday. Our call to close higher than 13k on the Nikkei was correct as the index finished at 13,293. Bombay closed down Friday which went against expectation and closed at 15,343. I underestimated the bearish importance of the transit Sun conjunction with the natal Rahu in the BSE 1875 chart. The BSE did much poorer than expected this week and this bodes poorly for next week as well and beyond. There is some real downside potential here in the coming weeks.
The Euro finished strong as predicted as it closed at 1.573, up half a cent. Unfortunately, our forecast for a gain this week did not come to pass as we only managed to return to the Monday open. This reflects the growing strength of the US dollar generally. Next week may be the last chance to hit $1.60 for a while, and I'm thinking it may not happen, since the week after next looks very bearish.
We missed the our revised Friday forecast on Oil however, as it rose $2 to finish at $106. Our weekly forecast did have crude rising, so getting the direction right is some consolation. Next week will likely see Oil trend downwards.
Gold finished higher by $3 to end the day at $913. We missed the big sell off Monday so our weekly forecast was far too optimistic. I expect the weakness to continue next week, especially by Friday.
Tokyo closed down modestly on Friday. Our call to close higher than 13k on the Nikkei was correct as the index finished at 13,293. Bombay closed down Friday which went against expectation and closed at 15,343. I underestimated the bearish importance of the transit Sun conjunction with the natal Rahu in the BSE 1875 chart. The BSE did much poorer than expected this week and this bodes poorly for next week as well and beyond. There is some real downside potential here in the coming weeks.
The Euro finished strong as predicted as it closed at 1.573, up half a cent. Unfortunately, our forecast for a gain this week did not come to pass as we only managed to return to the Monday open. This reflects the growing strength of the US dollar generally. Next week may be the last chance to hit $1.60 for a while, and I'm thinking it may not happen, since the week after next looks very bearish.
We missed the our revised Friday forecast on Oil however, as it rose $2 to finish at $106. Our weekly forecast did have crude rising, so getting the direction right is some consolation. Next week will likely see Oil trend downwards.
Gold finished higher by $3 to end the day at $913. We missed the big sell off Monday so our weekly forecast was far too optimistic. I expect the weakness to continue next week, especially by Friday.
Thursday, April 3, 2008
Commodities firm up
Not much movement in New York today, as the markets closed up slightly. My guess was for a mostly flat day and that's what we got. Transiting Moon conjoins Venus in Pisces in the 11th house of the S&P chart tomorrow so there will be some bullish sentiment out there supporting the market. We could see a a significant up day (>1%) if the market is up on the open. I will be watching the effects of the Pisces ingress of Moon shortly after 10. If it's up already by then, then it will likely move higher by the close.
Tokyo investors look like they are taking some profits in early Friday trading. We should still finish above 13k on the Nikkei for the week, however. The BSE closed mostly flat Thursday at 15, 832. The market opens with the Moon in exact trine to the natal Sun in the 1875 chart. I would look for a gain Friday.
The Euro was pretty solid at 1.566, but did not move higher at all. Tomorrow should be a bigger up day as the Moon moves towards the natal Jupiter. Let's see if we can hit $1.58 again.
Oil held firm near $104 as we thought it might. I think we should see some retreat in oil on Friday, especially in the afternoon EDT. If the negative trend is established early before the Moon moves into sidereal Pisces (at 10 a.m), then we may drop below $102, perhaps well below. If the open isn't too bad, then the decline will be more modest.
As predicted, Gold made a small gain to $908. I think it's due for another decline however as the transiting Sun comes under the square aspect from natal Saturn in the futures chart. If this aspect really kicks in, we could be back under $900 by the close.
Tokyo investors look like they are taking some profits in early Friday trading. We should still finish above 13k on the Nikkei for the week, however. The BSE closed mostly flat Thursday at 15, 832. The market opens with the Moon in exact trine to the natal Sun in the 1875 chart. I would look for a gain Friday.
The Euro was pretty solid at 1.566, but did not move higher at all. Tomorrow should be a bigger up day as the Moon moves towards the natal Jupiter. Let's see if we can hit $1.58 again.
Oil held firm near $104 as we thought it might. I think we should see some retreat in oil on Friday, especially in the afternoon EDT. If the negative trend is established early before the Moon moves into sidereal Pisces (at 10 a.m), then we may drop below $102, perhaps well below. If the open isn't too bad, then the decline will be more modest.
As predicted, Gold made a small gain to $908. I think it's due for another decline however as the transiting Sun comes under the square aspect from natal Saturn in the futures chart. If this aspect really kicks in, we could be back under $900 by the close.
Bombay Stock Exchange chart (1875)
Here is a chart for the Bombay Stock Exchange (July 9, 1875) that I'm currently testing. The 12.44 pm time is speculative. Readers may safely ignore the house placements and rulers and focus on planet-to-planet transit contacts. Note that transiting Mars (18 Gemini) is currently approaching the natal Mercury in this chart and will likely take the market down next week, probably Monday or Tuesday. What makes it worse for the BSE is that the natal Mercury is sitting in a degreewise square (4th house/10th house) relationship with the Nodes, Rahu and Ketu. This means that contacts to either Mercury or the Nodes will magnify results, either positively or negatively.
Wednesday, April 2, 2008
Oil and Gold bounce back
Stocks in NY finished slightly lower fulfilling the downside bias we expected with the Moon-Rahu conjunction at the open. I'm not sure about tomorrow -- I can't find a definitive trend. Another flat day is possible. By contrast, Friday looks more solidly bullish.
Tokyo closed above 13,100 yesterday as we forecast. I think it will add to recent gains Thursday, and possibly Friday also. 13,500 by the end of the week is within reach.
The BSE also gained about 1% yesterday to close at 15,750, but this rise was much less than on other markets. This is what I had wondered about with the tr Venus falling under the Mars aspect. The gains were, indeed, less than expected in the wake of New York's big 3.5% gain the previous day. I think it will see only a mild price move Thursday, possibly on the up side. Bombay is headed for a sharp drop early next week however with the Mars coming to the natal 1875 Mercury, which will activate the nodes as well. Could be 5% on the downside.
The Euro stabilized as forecast, and even managed a 0.007 gain. This should continue through to Friday.
Oil and Gold came back after yesterday's sell off as we thought they might. Gold came back nicely to $900, while Oil exceeded our expectations by rising to $104.78. Oil should continue to move up, although much less strongly than today. Gold may hold steady or rise a bit.
Tokyo closed above 13,100 yesterday as we forecast. I think it will add to recent gains Thursday, and possibly Friday also. 13,500 by the end of the week is within reach.
The BSE also gained about 1% yesterday to close at 15,750, but this rise was much less than on other markets. This is what I had wondered about with the tr Venus falling under the Mars aspect. The gains were, indeed, less than expected in the wake of New York's big 3.5% gain the previous day. I think it will see only a mild price move Thursday, possibly on the up side. Bombay is headed for a sharp drop early next week however with the Mars coming to the natal 1875 Mercury, which will activate the nodes as well. Could be 5% on the downside.
The Euro stabilized as forecast, and even managed a 0.007 gain. This should continue through to Friday.
Oil and Gold came back after yesterday's sell off as we thought they might. Gold came back nicely to $900, while Oil exceeded our expectations by rising to $104.78. Oil should continue to move up, although much less strongly than today. Gold may hold steady or rise a bit.
Tuesday, April 1, 2008
Confidence returns
New York stocks jumped over 3% today as investors began to feel that the worst of the sub-prime crisis is over. The Dow finished up 391 to 12,654 and the S&P closed up 47 to 1370. This rise was not unexpected, particularly in light of yesterday's modest up day that broke the negative sentiment from last week and the Sun-Mars square. I think we will see at least one more up day this week, possibly two. I think we will move above the 12,750/1380 resistance level and even 13,000/1400 is in reach. Tomorrow opens with the Moon conjunct Rahu so trading should be hectic. There should be a downside bias.
Logic suggests that Bombay ought to follow NY up tomorrow, and yet I see that tr Venus falls under the aspect of natal Mars in the 1875 BSE chart. This introduces some bearishness into the mix that may take hold in the afternoon. Hard to imagine it pushing closing prices lower, but perhaps gains will be less than expected (<4%) Tokyo is up over 13,000 in early trading Wednesday, as per our forecast. Look for more strength through the week.
Like oil and gold, the Euro backed off recent highs and sold off 2 cents back under $1.56. I think it will rise towards the end of the week, although tomorrow may see some treading of water near these levels. $1.58 is looking pretty far away right now.
Oil slumped back to $100, against our expectations. I can see prices firming up tomorrow.
Gold has decided to head south for a while and look for more solid footing before its next run-up. It fell $30 today to about $885, although it is up in early Asian trading. I think some price recovery towards $900 is likely Wednesday as the Moon-Rahu conjunction may cause fears and uncertainty to get the better of some traders.
Logic suggests that Bombay ought to follow NY up tomorrow, and yet I see that tr Venus falls under the aspect of natal Mars in the 1875 BSE chart. This introduces some bearishness into the mix that may take hold in the afternoon. Hard to imagine it pushing closing prices lower, but perhaps gains will be less than expected (<4%) Tokyo is up over 13,000 in early trading Wednesday, as per our forecast. Look for more strength through the week.
Like oil and gold, the Euro backed off recent highs and sold off 2 cents back under $1.56. I think it will rise towards the end of the week, although tomorrow may see some treading of water near these levels. $1.58 is looking pretty far away right now.
Oil slumped back to $100, against our expectations. I can see prices firming up tomorrow.
Gold has decided to head south for a while and look for more solid footing before its next run-up. It fell $30 today to about $885, although it is up in early Asian trading. I think some price recovery towards $900 is likely Wednesday as the Moon-Rahu conjunction may cause fears and uncertainty to get the better of some traders.
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